Closed below the downtrend.
Several weekly and monthly levels have been already tested before.
If we close above the downtrend in the coming week, expect the price to reach the untested weekly levels.
Massive fiscal stimulus over the weekend and the Dow closing on the green on Friday might keep the Bears down earlier in the week, but the bad news and the panic proliferating throughout the general public might push the bears up to those levels.
Several weekly and monthly levels have been already tested before.
If we close above the downtrend in the coming week, expect the price to reach the untested weekly levels.
Massive fiscal stimulus over the weekend and the Dow closing on the green on Friday might keep the Bears down earlier in the week, but the bad news and the panic proliferating throughout the general public might push the bears up to those levels.